Palfinger AG: record turnover and strong dividend despite market chips!

Palfinger AG: record turnover and strong dividend despite market chips!

Laimgrubengasse 10, 1060 Wien, Österreich - Palfinger AG presented impressive financial figures for 2024 that position the company as an economic champion. The turnover amounted to an impressive 2.36 billion euros, with an operational result of 185.6 million euros, which corresponds to a significant success for the company. Thanks to a targeted reduction in working capital, a free cash flow of 119.5 million euros was generated. These measures have not only strengthened financial flexibility, but also reduced the net fault debt, as the OTS reported.

A remarkable aspect of this positive development is the diversification of Palfinger, which achieves 65 % of sales from various sectors such as disposal, recycling, forestry as well as transport and logistics. This strengthens the resistance of the company against economic uncertainties. CEO Andreas Klauser emphasized the importance of this model for future success. There were also interesting developments in the international markets. While the willingness to invest in North America was limited due to the upcoming presidential election, India is emphasized as a promising growth market in the Asia-Pacific region, where a new assembly plant is planned with an investment of over 25 million euros, as the information from Palfinger complements.

positive outlook on 2025

For 2025, management is optimistic. There are already signs of recovery in order in the European core markets, which should have a positive effect on the development of results in the second quarter. A significant compensation of the decline in results from the first half of the year is expected for the second half of the year. Palfinger is aiming for an increase in sales to 2.7 billion euros and an EBIT margin of 10 percent by 2027. The continuous development and innovative strength, supported by a research rate of 4.2 percent, underline the commitment of Palfinger AG for a sustainable growth strategy.

The success of the company was recently recognized by the second highest dividend proposal since the IPO in 1999 (0.90 euros per share), a sign of the trust of the shareholders into the further development of Palfinger. As the details of the business figures and the growth course illustrate in the future forecasts, Palfinger remains a key player in the industry that remains on the road to success.